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The two seminal U.S. M&A cases are Revlon v. MacAndrews & Forbes Holdings and Paramount Communications Inc. and KDS Acquisitions Corp. v. Time Incorporated decided in 1986 and 1989, respectively, both by the Delaware Supreme Court

On May 11, the Ontario Securities Commission (the "Commission") rejected an application submitted by Pala Investments Holdings Limited ("Pala"), and its wholly-owned subsidiary, seeking a permanent cease trade order of two shareholder rights plans adopted by Neo Material Technologies Inc